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I am proud and more than a little excited to be asked to work with Faber in an editorial capacity. It is my dearest hope that we will produce some fantastic books together.

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President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade with two and a half dollars of spending reductions for every one dollar of revenue increases and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.